Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB – Get Free Report) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 16,952 shares, a decrease of 87.0% from the September 15th total of 130,309 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 466,170 shares, the days-to-cover ratio is currently 0.0 days.
Institutional Investors Weigh In On Federated Hermes Total Return Bond ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its stake in Federated Hermes Total Return Bond ETF by 8.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 874,340 shares of the company’s stock worth $21,942,000 after acquiring an additional 67,693 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Federated Hermes Total Return Bond ETF by 10.5% during the second quarter. Integrated Wealth Concepts LLC now owns 233,990 shares of the company’s stock valued at $5,872,000 after acquiring an additional 22,192 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Federated Hermes Total Return Bond ETF in the second quarter valued at approximately $1,087,000. Concurrent Investment Advisors LLC purchased a new stake in shares of Federated Hermes Total Return Bond ETF in the second quarter valued at approximately $1,629,000. Finally, First Citizens Financial Corp boosted its holdings in shares of Federated Hermes Total Return Bond ETF by 12.8% in the second quarter. First Citizens Financial Corp now owns 24,455 shares of the company’s stock valued at $614,000 after purchasing an additional 2,772 shares during the period.
Federated Hermes Total Return Bond ETF Price Performance
Shares of NYSEARCA:FTRB remained flat at $24.01 on Friday. The stock had a trading volume of 487,988 shares, compared to its average volume of 178,419. Federated Hermes Total Return Bond ETF has a fifty-two week low of $23.86 and a fifty-two week high of $25.79. The company has a market capitalization of $679.48 million, a PE ratio of 8.09 and a beta of 0.13. The stock’s 50 day simple moving average is $24.52 and its 200 day simple moving average is $24.89.
Federated Hermes Total Return Bond ETF Company Profile
The Federated Hermes Total Return Bond ETF (FTRB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking total returns from a core portfolio of US fixed-income securities with varying credit ratings and maturity. The fund selects securities through its Alpha Pod Process. FTRB was launched on Jan 2, 2024 and is issued by Federated Hermes.
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